Explaining the Global Oil Rout: 54% Demand, 46% Supply

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Explaining the Global Oil Rout: 54% Demand, 46% Supply

(Bloomberg) -- Lower oil prices typically boost global growth, but the recent decline to an 18-year low will likely provide less support than usual. Bloomberg Economics estimates weak demand was responsible for more than half of the drop since the beginning of the year. This is a symptom of sluggish activity, not a cause of future expansion.

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